Anywhere between £200 - £1000–
however, this is more often than not payable upfront, therefore meaning that you’ll
lose the money whether the property sells or not!

2.Amount of houses that complete

Between 48% and 58% of houses on
the market with an online agent make it to completion. This is in comparison
with the 80% of listings making it through to completion with a traditional
high street agent. A drastic difference.

3.Change in Asking Price

65% of properties listed with
online agents change their asking price. Whether this be a reduction or a rise,
65% of online agent’s listings were put on the market at the wrong price.

4.Instructing another agent

17% of properties end up going on
the market with another agent. This figure would potentially be higher if it wasn’t
for the fee with online agents often being payable whether they sell it or not.
44% of these vendors that instruct alternative agents end up selling within 2 months.

“I was really unhappy with Purplebricks. I received very
few updates. It felt like they put more effort into getting me on board to get
their up front fee than selling my property. I have now listed the property
with a local estate agent” - Purplebricks
customer – Switched to a traditional estate agent

It’s understandable that homeowners are attracted to
online estate agents - who doesn’t like the idea of saving money!

However, research
clearly shows that you won’t necessarily be saving money by appointing an
online agent, and40% said they spent more time managing the sales process than
they thought they would. Time can often be worth money! This is why we recommend
vendors do their research, why not invite us out for a free no obligation valuation
on your property where our listers can discuss what you want from your sale,
what packages we have as a high street agent, and how we can provide the best service
possible.

All data and quotes acquired
from https://www.getagent.co.uk/labs/online-agents